20EMA might cross below the daily 40EMA. Price failed to create new low but 4 hour price is retracing the supply zone for momentum. M15 price closed with a bearish engulfing candlestick, which indicates a reversal on the supply zone. 20EMA below 40EMA on the M1 chart
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.